German Fund Managers Blaze Path
Of Independence in Tough Times

By

Ingo Narat Handelsblatt

Updated July 11, 2001 12:01 a.m. ET

FRANKFURT -- German fund managers are finally joining the international trend of leaving mutual-fund companies to found their own independent firms. But for investors, the new firms haven't proved that going it alone is a wise move.

Investment company Lupus Alpha is set to announce Wednesday the debut of Lupus Alpha Kapitalanlagegesellschaft GmbH, the first German investment firm to offer specialized funds unaffiliated with a bank,...